The Federal Government has unveiled a new phase of economic reforms aimed at consolidating the gains achieved through the 2023 policy reforms. The initiative, known as the Dis-Inflation and Growth Acceleration Strategy (DGAS), will integrate both fiscal and monetary policies to drive non-inflationary growth and structural transformation in the Nigerian economy.

Minister of State for Finance, Dr. Doris Uzoka-Anite, disclosed that the second phase of reforms will be jointly implemented by the Ministry of Finance and the Central Bank of Nigeria (CBN). She emphasized that while previous measures have stabilized the economy, the challenges facing Nigeria are structural rather than cyclical, requiring a coordinated approach.

“Traditional monetary tightening alone cannot deliver sustainable recovery, nor can fiscal expansion in isolation produce the scale of impact that our people require,” Uzoka-Anite said. “What Nigeria needs now is a unified national framework that integrates both monetary and fiscal levers to drive stable and inclusive growth.”

The DGAS document provides a comprehensive blueprint for implementing reforms, building on the administration’s earlier measures in energy pricing and foreign exchange liberalization. It seeks to reposition the economy for stability, productivity, and competitiveness.

At the CBN’s 2025 Executive Seminar themed “Deepening Reforms: Paths to Disinflation and Sustainable Growth”, CBN Governor Mr. Olayemi Cardoso credited the return of investor confidence to credible policies, transparent markets, and sound governance implemented by the bank.

The government’s second phase of reforms is expected to accelerate growth, stabilize prices, and strengthen the foundation for a more resilient and productive economy.